U.S. (Notifix) – Lowe’s Companies, the world’s second largest home improvement retailer, reported net earnings of USD 941 million for the quarter ended August 2, 2013, a 26.0% increase over the same period a year ago.

For the six months ended August 2, 2013, net earnings increased 16.2 percent from the same period a year ago to USD 1.48 billion. Sales for the quarter increased 10.3 percent to USD 15.7 billion from USD 14.2 billion in the second quarter of 2012, and comparable sales for the quarter increased 9.6%. For the six month period, sales were USD 28.8 billion, a 5.1% increase over the same period a year ago, and comparable sales increased 4.6%.

“Home improvement demand was strong during the quarter, and we capitalized on it with improving execution. I’d like to thank our employees for their hard work and continued dedication to serving customers,” commented Robert A. Niblock, Lowe’s chairman, president and CEO. “